IMV FOREX UPDATE
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๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Positive Note CMP 69.80

Support is 69.60 Resistance is 70.00

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1299---1.1295

GBPUSD - 1.3095---1.3090

USDJPY โ€“ 111.2000---111.1700
Currency Update:

USDINR....

It has its major hurdle at 70.00 and major support is seen below 69.50.

Break and sustain above 70.00 will see 70.50----71.00 levels in days to come or else it can come down to touch its support level of 69.50 again.

Buy it on dip, do not go for selling as of now!

Trade with levels only.
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Negative Note CMP 69.33 โฌ‡โฌ‡

Support is 69.30 Resistance is 69.70

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1280---1.1281

GBPUSD - 1.3071---1.3075

USDJPY โ€“ 111.2500---110.8900
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๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Positive Note CMP 69.23

Support is 69.00 Resistance is 69.40

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1306---1.1308

GBPUSD - 1.3095---1.3090

USDJPY โ€“ 111.5300---111.5300
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๐Ÿ‘‰ Currency Update:

Major international currencies edged up against Indian Rupee due to expectation of stabilization in economic growth outlook. Market is lifting higher ahead of positive sentiments from upcoming Euro-Zone economic data to be announced on Thursday. Chinaโ€™s Gross domestic product is due to be announced tomorrow, which will give better insight into the growth of the worldโ€™s second largest economy.

Technical levels:

USDINR

Support is 69.40 Resistance is 69.80

Break and sustain above 69.80 will take it to 70.20 ---70.60 mark else could touch its support level of 69.40 mark.

Fresh selling can be seen on close below 69.40.

Trade with levels only
Dow Jones... Looks weak below 26390. Stop loss 26550. Target 25000

Is this happen then we will see sharp downside panic in Dollar Index too. Dollar Index has crucial hurdle at 98.00 and here chances are unlikely to breach in near terms unless and until any major news comes out from developed economics.
S&P 500...Sell below 2890. Stop loss 2925. Target 2725

If dollar index slip then we will see support in EURUSD. Immediate hurdle at 1.1370. Three consecutive close + weekly close above 1.1370 will take to 1.1600---1.1800 mark in days to come.

1.1150 remain act as major support in EURUSD. Traders should wait for confirmation. If both levels entered then traders may go for currency pair strategy like sell USDINR and buy EURINR.

More levels and update will provide soon